Angela Ahrendts Joins SKYY Partners as Senior Operating Adviser

7 Aug

Angela Ahrendts has been appointed a senior operating advisor at SKYY Partners, a non-public equity firm founded by Kim Kardashian and Jay Sammons. SKYY Partners focuses on each control and minority investments in high-growth consumer and media corporations across the patron landscape, including fashion, luxury, food and beverage, health and wellness, beauty and private care, and leisure. Most recently, Ahrendts was senior vice chairman, Apple Retail, where she reimagined Apple’s retail experience, redesigned the stores and re-crafted the roles of 70,000 employees globally. Earlier she was chief executive officer at Burberry Group plc for nearly nine years, where she tripled the business and quadrupled the share price. During her tenure at Burberry, Ahrendts was a member of the U.K.’s Prime Minister’s Business...

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4 Aug

EXCLUSIVE: Aurate Raises Series B Funding, Partners With Macy’s

by Beautifaire101

Beauty, Featured

EXCLUSIVE: Aurate Raises Series B Funding, Partners With Macy’s

After almost a decade available on the market, Aurate is seeking to the following stage of its business. The direct-to-consumer superb jewelry brand is gearing up for its first major retail partnerships this month after securing its series B funding in the primary quarter of this yr. Terms of the investment weren't disclosed; nevertheless, Aurate stated it has raised $25 million thus far. Aurate is embarking on two retail partnerships this month with Macy’s and Helzberg Diamonds, creating respective sister brands sold exclusively on the retailers. Audrey by Aurate will launch at Macy’s on Saturday and Laure by Aurate will launch at Helzberg Diamonds on Tuesday. “We all the time desired to democratize real gold. That’s still the mission of the brand,” said...

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29 Jul

Bonside Partners With Y7 to Open Two to Three

by Beautifaire101

Beauty, Featured

Bonside Partners With Y7 to Open Two to Three

Financing platform Bonside has inked a $300,000 take care of yoga studio Y7. Bonside, which launched in June with $4.35 million in equity funding, provides brick-and-mortar businesses with upfront capital ranging between $250,000 and $500,000, which will likely be paid back in 1 to three percent monthly revenue increments. This marks considered one of the platform’s preliminary deals; it has also partnered with Jojo’s ShakeBar, Matchaful and Evolve Med Spa. “We generally are providing anywhere from 1 to 1.5 times what a business is doing in monthly revenue,” said Bonside founder and chief executive officer Neha Govindraj. Bonside’s mission is to focus on brick-and-mortar businesses by providing them additional financing for expansion, so that they can preserve ownership and delay...

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23 Jul

Lola Partners With Motrin to Make Period Care More

by Beautifaire101

Beauty, Featured

Lola Partners With Motrin to Make Period Care More

Starting this month, feminine and reproductive care brand Lola is partnering with pain reliever company Motrin. The partnership includes three components. Between July 24 and 31, the duo shall be running a cobranded social sweepstakes for winners to receive a Lola gift card and Motrin merchandise. In August, Lola will release its limited-edition On-the-Go Period Kit, $47, in collaboration with Dagne Dover, which can include Motrin. “Motrin is such a longtime consumer brand with such a long-standing equity. It’s an awesome way for us to introduce Lola to that community,” said Lola chief executive officer Amy Fisher. Lastly, in October, Lola shall be donating 100,000 period care products, valued at $50,000, to ongoing partner I Support The Girls, a nonprofit...

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